Anti-Money Laundering Compliance - “Understanding the Laws”

The Anti-Money Laundering Compliance - “Understanding the Laws” course will teach students what money laundering is and the laws that are in place to help identify and keep it from occurrring. Students will also learn reporting requirements to be compliant. 

COURSE OUTLINE:

  • Money Laundering Explained
  • Review of the Laws
  • Criminal Activity
  • Placement
  • Layering
  • Integration
  • Detecting Money Laundering
  • Reporting Requirements 
  • Practice Quiz

Price - $199.00 Sale - $99.00

Borrower Protection Acts - "A Complete Overview"

The Borrower Protection Acts - "A Complete Overview" course will teach you the duties and fiduciary responsibilities of the mortgage broker and lender in protecting the borrower. Whether new or seasoned to mortgage lending, this course provides an overview of how each act manages the relationship between the mortgage originator and the borrower from application through closing of a mortgage transaction. 

COURSE OUTLINE:

  • Borrower's Protection Defined
  • What is HOEPA?
  • PMI and Homeowners Protection Act
  • BSA and AML
  • Who are You? (USA Patriot Act)
  • Gramm-Leach Bliley Act
  • FCRA Compliance
  • Get Your FACT Act
  • ECOA – Discrimination is Not Allowed
  • Let’s Be Fair! (Fair Lending Laws) 
  • 10-Question Practice Quiz

Price - $199.00 Sale - $99.00

CFPB Laws - "Preventing UDAAP & Other Violations"

By design, the CFPB Laws - "Preventing UDAAP & Other Violations" course provides an understanding of why and how the CFPB was created in 2010 in response to the Great Recession. Processors, closers, underwriters and compliance professionals will gain essential and valuable information for how their daily functions are effected by the CFPB Laws. 

COURSE OUTLINE:

  • Why Create the CFPB?
  • CFPB’s Purpose
  • Regulations Covered by CFPB
  • TILA – Reg Z
  • RESPA – Reg X
  • HMDA – Reg C
  • S.A.F.E. Mortgage Licensing Act – Reg G
  • Dodd-Frank: What You Need to Know so the Consumer Knows
  • Applying the Rules to Every Loan
  • TRID and Full Disclosure 
  • 10-Question Practice Quiz

Price - $199.00 Sale - $99.00

Dodd-Frank Reform Act - "Complete Overview"

The Dodd–Frank Wall Street Reform and Consumer Protection Act is a United States federal law that was enacted on July 21, 2010. The law overhauled financial regulation in the aftermath of the Great Recession, and it made changes affecting all federal financial regulatory agencies and almost every part of the nation's financial services industry. You'll learn everything from A to Z, so you can be fully prepared to stay compliant. 

COURSE OUTLINE:

  • Brief Overview of Dodd-Frank Regulations (Then and Now)
  • Overview of the Recent Changes to Dodd-Frank, from A to Z
  • Discuss the New Deduction for Appraisals
  • Understanding the Impact of Appraisals in Rural Areas
  • Discuss the Qualified Mortgage (ATR)
  • Discuss the Home Mortgage Disclosure
  • Non-Primary Residences for Credit Union Loans
  • Mortgage Loan Originator Licensing and Registration
  • Understanding the Impact on Manufactured Home Retailers
  • Discuss New Escrow Requirements 
  • Discuss the New TILA Waiting Period Requirement
  • Review the Reform to PACE loans
  • 10-Question Practice Quiz

Price - $199.00 Sale - $99.00

Due Diligence - "Learn Manual Underwriting"

This 3-hour online training webinar explores the world of manual underwriting. This class offers critical knowledge for difficult credit, income, asset, and appraisal analysis topics. Students will benefit from practical applications of concepts as we review red flag examples. Join us to gain the knowledge you need to successfully package challenging loan scenarios.

COURSE OUTLINE:

  • Due Diligence Defined
  • Automated Underwriting
  • Manual Underwriting
  • Credit
  • Income
  • Assets
  • Appraisal
  • Identifying Red Flags
  • Avoiding Over-Analysis
  • Practice Quiz

Price - $495.00 Sale - $395.00

Quality Control 101 - "QC For Conventional Loans"

The course is an ideal fit for mortgage professionals wishing to enter the Quality Control area of mortgage lending, as it relates to Conventional mortgage loans. This 6-hour instructor-led online training course covers the basics and gives an overall understanding of what a Quality Control plan consists of. 

COURSE OUTLINE:

  • FNMA & FHLMC Overview
  • Prefunding Review
  • Post Closing Review
  • Record Retention
  • Audit
  • GSE Selection
  • Significant Defects
  • Mortgage Insurance
  • Remedies
  • Repurchase or Payment
  • Redflags
  • Practice Quiz

Price - $495.00 Sale - $395.00

Redesigned URLA (Form 1003) - "Complete Review"

Now is the time to get trained & ready for the new Redesigned URLA (1003 Form). The new URLA (1003 Form) has been redesigned to be more consumer friendly and create better efficiency. It has also been designed to separate the consumer and lending information for ease of review -- updated with the most current HMDA data collection fields as required by the CFPB. The new application is now in letter size; making loan files more streamlined, replacing the 20-year-old outdated form. 

Our training division, CampusMortgage, has put together an instructor-led class entitled: Redesigned URLA (Form 1003) - "Complete Review" (WEBINAR). This on-demand webinar will teach students everything from A to Z, with an in-depth review of each section of the application.

COURSE OUTLINE: 

  • URLA Implementation Timeline
  • Importance of a Complete URLA
  • Uniform Loan Application Dataset (ULAD) Review
  • Complete Review of Section 1 of the URLA
  • Complete Review of Section 2 of the URLA
  • Complete Review of Section 3 of the URLA
  • Complete Review of Section 4 of the URLA
  • Complete Review of Section 5 of the URLA
  • Complete Review of Section 6 of the URLA
  • Complete Review of Section 7 of the URLA
  • Complete Review of Section 8 of the URLA
  • 10-Question Practice Quiz

Price - $199.00 Sale - $99.00

Case File Underwriting Review - "FHA/VA Loans"

This course has been designed to instruct underwriters on how to proceed with a mortgage underwriting case file review of an FHA file.  As a “how-to” course, the underwriter will be trained on how to complete an underwriting review on a fully processed FHA case including how to review the credit report, income documentation, asset documentation, contract of sale, and appraisal report. Additionally, the required disclosure and compliance review will be discussed. Underwriters will also be trained to recognize certain file triggers/red flags and will know when to ask for further documentation that has not been addressed by the AUS.   

COURSE OUTLINE:

  • Underwriting an FHA and VA Loan
  • Disclosures
  • Credit
  • Income
  • Assets
  • Purchase Contract
  • FHA Requirements
  • VA Requirements
  • AUS
  • Manual Underwriting Components
  • Appraisals
  • FHA Resources
  • VA Resources
  • Practice Quiz

Price - $395.00